Iberostar Hotel Chain Commits to Being Carbon Neutral by 2030

Iberostar, a global tourism firm and hotel chain, made a variety of climate commitments today, including a goal of carbon neutrality by 2030.

Iberostar's roadmap for reducing emissions, which has been validated by the Science Based Targets Initiative (SBTi), aims to reduce Scope 1 and Scope 2 emissions by 85 percent and scope 3 emissions by 50 percent by 2030.

Iberostar's Scope 3 emissions account for 77% of its carbon footprint, and the company has included seven greenhouse gas reduction categories, such as the purchase of goods and services, capital goods, downstream leased assets, activities associated with fuels and energy, employee transport, business trips, and waste, to account for all significant emissions.

The company forecasts that the strategy will reduce its yearly emissions intensity by 594 thousand metric tonnes of CO2.

Iberostar Group Vice-Chairman and Chief Sustainability Officer Gloria Fluxà stated:

"Iberostar continues to promote a model of sustainable tourism that benefits both people and the environment. Our well-defined and transparent strategy plan supports the ambitious objectives of our own 2030 Agenda. We are advancing with a long-term vision, establishing a profitable firm with sustainability as a vital pillar, and keeping in mind the good impact of our work."

Other goals of the roadmap include cutting energy use by 35%, using renewable energy in all destinations, and changing all new and renovated buildings to Net Zero buildings. To make up for any leftover emissions, the company said it would use solutions that work with nature to protect and restore ecosystems in all of its locations.

Fluxà said:

"We must move beyond commitments to actions." Real improvement necessitates bold, prompt steps, such as the ones we're taking at Iberostar"Iberostar's strategic plan is founded on research, statistics, and strong corporate leadership."

The global Spanish corporation, whose portfolio includes over 100 four- and five-star hotels in 16 countries, will unveil its decarbonization plan and strategy at COP27 in Sharm El-Sheikh, Egypt, this week.